Greece turns to energy as its economic savior

'One of the key driving sectors of the economy, much more today than it has been in the past'

Jay Baggett came to WND in 2004, having previously worked as an executive at the Sacramento Union and as an agricultural remote-sensing researcher with the University of California. Also, he spent twelve years working in California electoral politics. Baggett holds a bachelor of arts degree in geography and environmental studies and a master of arts in geography. He is active in his church and a hands-on grandfather. When time permits, he pursues his passions of cooking and Bible geography

(DER SPIEGEL) – In Greek mythology, the sun God Helios, son of Hyperion, drove his chariot across the sky from east to west each day.

Now, energy officials in the financially beleaguered nation are naming a major solar project after Helios and banking on energy more broadly as a possible way out of the financial crisis. That means exploring Poseidon’s domain of the sea by expediting plans for oil exploration, offshore wind energy production and, possibly, as a future natural gas hub. It also means completing oil and gas pipelines and privatizing state-owned oil, gas and power concerns.